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VAT on employee medical insurance claimable or not ?

VAT KSA implementation

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Question added by karim seif , Tax Consulting,CMA&ACCA in progress , Morison KSI
Date Posted: 2018/02/04
George Panayides
by George Panayides , Financial Controller , Joannou & Paraskevaides (Saudi Arabia) Ltd

It is claimable since medical insurance is required by local labor law and it is thus can not be considered as employee benefit in kind.

Mohammed Saqib
by Mohammed Saqib , Chief Accountant , Al Rumaithy Establishment

Yes, you can claim VAT on employee medical insurance.

All INPUT VAT can be claimed in business, which are specifically used for business purpose.

Muhammad Asim
by Muhammad Asim , Assistant Group Financial Controller , Hoshan Group

Hi

VAT on medical insurance is claimable because employees are mandatory to carry on economic activity however, life insurance is exempted.

Saher Kamal Azeem
by Saher Kamal Azeem , Logistics Executive / WMS Administrator , Renovation Furniture Trading LLC

Yes it can be taken as input tax credit. 

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